{"id":1243007,"date":"2023-02-19T10:14:27","date_gmt":"2023-02-19T04:44:27","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1243007"},"modified":"2023-02-19T10:14:57","modified_gmt":"2023-02-19T04:44:57","slug":"after-firing-90-staff-in-india-twitter-shuts-down-2-offices-in-india-orders-work-from-home-for-remaining-employees","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/after-firing-90-staff-in-india-twitter-shuts-down-2-offices-in-india-orders-work-from-home-for-remaining-employees\/","title":{"rendered":"After Firing 90% Staff In India; Twitter Shuts Down 2 Offices In India, Orders Work From Home For Remaining Employees"},"content":{"rendered":"\n<p>Elon-Musk owned Twitter has scalped the company&#8217;s staff in India, just another victim to his decisions hitting hard working people across the world.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Untitled-design-1-4.png\" alt=\"After Firing 90% Staff In India; Twitter Shuts Down 2 Offices In India, Orders Work From Home For Remaining Employees\" class=\"wp-image-1243028\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Untitled-design-1-4.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Untitled-design-1-4-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Untitled-design-1-4-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>This is part of the owner\u2019s pursuit to slash costs and get the struggling company back to financial stability by this year&#8217;s end.<\/p>\n\n\n\n<p><strong>Bengaluru spared<\/strong><\/p>\n\n\n\n<p>Just last year the company in India had sacked over 90 per cent of its roughly 200-plus staff and shut its offices in New Delhi and Mumbai.<\/p>\n\n\n\n<p>It continues to operate an office in the southern tech hub of Bengaluru that mostly houses engineers, the only one in India.<\/p>\n\n\n\n<p>India isn&#8217;t the only country where Twitter offices are being shut, rather it is just one of many where CEO Elon Musk has fired employees and closed offices.<\/p>\n\n\n\n<p><strong>India not big enough apparently<\/strong><\/p>\n\n\n\n<p>Weirdly enough India is regarded as a key growth market for US tech giants from Meta to Google which are making long-term bets on the world\u2019s fastest-growing internet market.<\/p>\n\n\n\n<p>So Musk\u2019s latest move can be taken as indication that he doesn&#8217;t see India as a very important market right now.<\/p>\n\n\n\n<p><strong>Layoffs still ineffective<\/strong><\/p>\n\n\n\n<p>Despite this round of mass layoffs Twitter is finding it difficult to maintain operations and regulate content.<\/p>\n\n\n\n<p>This week the South African owner said he may need till the end of the year to stabilize the company and make sure it\u2019s financially healthy.<\/p>\n\n\n\n<p>It remains to be seen how this goes.<\/p>\n\n\n\n<p><strong>Company in the red<\/strong><\/p>\n\n\n\n<p>Since the $44 billion buyout, Twitter has failed to pay millions of dollars in rent for its San Francisco headquarters and London offices, been sued by multiple contractors over unpaid services, and auctioned off everything from bird statues to espresso machines to raise money.<\/p>\n\n\n\n<p>Musk has also openly floated the idea of bankruptcy, and cited a \u201cmassive drop\u201d in revenue as advertisers fled over concerns about Twitter\u2019s ability to weed out undesirable content.<\/p>\n\n\n\n<p>Cherry on top, the platform has also experienced significant glitches and outrages, most recently just this month.<\/p>\n\n\n\n<p><strong>Massive political presence in India<\/strong><\/p>\n\n\n\n<p>To wrap things up, the company&#8217;s Indian office remains operational albeit with challenges to contend with.<\/p>\n\n\n\n<p>Twitter has evolved in recent years into one of India\u2019s most political forums expertly managed by, among many, Prime Minister Narendra Modi who has an account with 86.5 million followers.<\/p>\n\n\n\n<p>But this hasn&#8217;t converted to revenue on the platform which also has to contend with strict content regulations and increasingly savvy local competition.<\/p>\n\n\n\n<p><strong>Dystopian scenario<\/strong><\/p>\n\n\n\n<p>An exodus of workers \u2014 many of whom were fired \u2014 since Musk\u2019s acquisition has raised concerns about whether Twitter can sustain its operations and regulate content.<\/p>\n\n\n\n<p>Unfortunately the very people attempting to keep this sinking ship afloat have to pay for the incompetence and ego of a reckless and immature custodian of a gigantic social media house.<\/p>\n\n\n\n<p><strong>Stepping down apparently<\/strong><\/p>\n\n\n\n<p>Musk <a href=\"https:\/\/www.indiatoday.in\/technology\/news\/story\/elon-musk-shuts-twitter-india-office-asks-staff-to-work-from-home-2335925-2023-02-17\">announced <\/a>that he will step down as the Twitter CEO at the World Government Summit in Dubai.<\/p>\n\n\n\n<p>\u201cI need to stabilize the organization and just make sure it&#8217;s in a financially healthy place, and the product roadmap is clearly laid out,\u201d said Musk.&nbsp;<\/p>\n\n\n\n<p>\u201cI don&#8217;t know, (but) I&#8217;m guessing probably towards the end of this year (for the new CEO).\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon-Musk owned Twitter has scalped the company&#8217;s staff in India, just another victim to his decisions hitting hard working people across the world. This is part of the owner\u2019s pursuit to slash costs and get the struggling company back to financial stability by this year&#8217;s end. Bengaluru spared Just last year the company in India [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1243028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[240,899],"class_list":["post-1243007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-elon-musk","tag-twitter-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>After Firing 90% Staff In India; Twitter Shuts Down 2 Offices In India, Orders Work From Home For Remaining Employees - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/after-firing-90-staff-in-india-twitter-shuts-down-2-offices-in-india-orders-work-from-home-for-remaining-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After Firing 90% Staff In India; Twitter Shuts Down 2 Offices In India, Orders Work From Home For Remaining Employees - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Elon-Musk owned Twitter has scalped the company&#8217;s staff in India, just another victim to his decisions hitting hard working people across the world. 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